This essay Economic Systems of Different Countries has a total of 1249 words and 6 pages.
Economic Systems of Different Countries
The Government of Canada is a Federal Parliamentary Democracy and a
member of the Common Wealth. The Prime Minister of Canada is the Honorable Jean
Chretien. The Deputy Prime Minister is Sheila Copps and the Governor General is
Romeo LeBlanc. There are five major political parties in Canada they are; the
Progressive Conservatives, the Liberal Party, New Democratic Party, the Reform
Party, and the Bloc Quebecois.
The GNP per capita (1991) was $19,934 (in millions). The annual GNP
growth was 3.4%. The amount of GNP for defence was 2.2%. The majority of
workers in Canada are in the Service field (73%), Industry has 23% of the
workers, and Agriculture has the remaining 4% of the labour workforce. Canada
has an unemployment rate of 9.5% and an inflation rate of 2.3%.
Canada\'s top three natural resources are Nickel, Zinc and Copper.
Canada\'s top three agricultural products include Wheat, Barley, and Corn. The
three major Canadian industries are automobile manufacturing, lumber industry,
and petroleum products. Canada has a healthy trading market with major partners
such as the United States, Mexico, and Japan. The top three imported products
are vehicles, foodstuffs, and animal feed, while the three major exports include
vehicles, petroleum products and natural gas. Canada\'s exports vastly outweigh
their imports. The balance of trade is $9,823,000,000 (more exports than
Canada\'s economy is a market economy based on free enterprise and the
ideology of capitalism. As a Canadian citizen you are free to buy and sell as
you please on the open market, so long as you are within the law. Since Canada
is a democratic state we are guaranteed these rights and freedoms. Canada has a
very efficient economy. We have an unemployment rate of only 9.5% and a
reasonably small inflation rate. Canada has been rated as one of the best
countries in the world – Coincidence?
The Government in Niger is a republic in which there is a President and
a Prime Minister. The President of the Republic of Niger is Mahamane Ousmane.
The Prime Minister is Hama Amadou. There are five major political parties.
They are; The National Movement for the Developing Society, The Democratic and
Social Convention, Nigerian Party for Democracy and Socialism, The Nigerian
Alliance for Democracy and Progress, and The Union of Progressive Patriots and
Niger has a Gross National Product per capita of $550 (in millions).
There is an annual GNP growth of 1.4%, 0.1% more then the allotted funds for
defence. The majority of the labour force works in agriculture (45%), the
service field represents 39% of the workers, and the remaining 16% are employed
in the industrial field, which is declining at a rate of 2.7% per year.
Niger relies on its three top natural resources, which are; Uranium,
Coal, and Iron/Ore. The three main agricultural products are; Millet, Sorgum,
and Pulses. Niger\'s “major” industries are based in the fields of Cement,
Beverages, and Beer. Niger is a country in which there are many more imports
than exports. The three main imports are; foodstuffs, cereal, and sugar, while
the three major exports are; Uranium, Foodstuffs, and Livestock. Niger is one
of the world\'s poorest countries. Their economy is centered on subsistence
farming. Uranium, their major export through the 1970\'s and 1980\'s, revenue has
dropped by 50% between 1983 and 1990 (end of cold war). Niger\'s balance of
trade is $-58,000,000 and they carry a debt of $1.2 billion. One U.S. dollar is
equal to $529 of their currency the Communaute Financiere Africane Francs.
Niger has a traditional economy similar to many other 3rd World Nations.
Recent studies would suggest that 4/5 of their major exports relate to livestock
and agriculture (hides and skins, vegetables). Their economy is very
inefficient because of the fact that they import more than they export, although
that is not always negative, a third world nation which remains in debt will
Japan is a Constitutional Monarchy with a figure head of Emperor Akihito
(son of Hirohito). Japan\'s Prime Minister goes by the name of Tomiichi Murayame.
There are three major political parties within Japan. These parties include
the Liberal Democratic Party, the Japan Socialist Party, and the Democratic
The GNP per capita for Japan is $25,469 (in millions), while having an
annual GNP growth of 4%. Japan\'s spends a limited amount on defence equaling
only 1% of their GNP. Japan is a country which provides many services to its
people. Sixty percent of the labour force is dedicated to serving the people.
An additional 35% of Japan\'s workers are involved in the Industrial market, the
remaining 5% are
Topics Related to Economic Systems of Different Countries
Economic Community of West African States, Niger, Republics, Economy of Canada, Balance of trade, Economy of Niger, Trade policy of Japan
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